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Mamdani Says Second-Home Levy Is Key to Tax the Rich
Posted
April 20, 2026
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7,189
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April 20, 2026
7,189
95
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0:20Now PlayingNew York Mayor Zohran Mamdani hailed a proposed annual surcharge on some owners of second homes in the city as an important step in his pledge to raise taxes on the wealthy. #nyc #newyork #mamdani #business #politics #usa
Mamdani and New York Governor Kathy Hochul have said they’re converging on a “pied-a-terre tax” to slap owners of second homes in the city worth more than $5 million with an annual surcharge on top of property taxes.
Mamdani is framing the tax drive as a way to increase affordability and improve services for average New Yorkers, while portraying wealthy owners of second residences that are often unoccupied as benefiting from the city’s services without paying an appropriate share.
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